XRP Retraces After ATH Rally, Though Investor Positioning Signals Ongoing Bullish Momentum

XRP Holds Steady After ATH as Bulls Defend Key Support Zone

XRP surged to a new all-time high of $3.61 following positive U.S. regulatory developments and a flurry of institutional ETF filings. Despite a sharp intraday pullback to $3.34, the token recovered to close around $3.45, signaling strong underlying demand and healthy market structure.

Highlights:

• XRP’s ATH: Touched $3.61 before sliding 7.5% to $3.34; closed the day at $3.45, down 4.4%.
• Volume Surge: 308 million tokens traded near the $3.34 low — more than twice the 24h average.
• Support & Resistance: Support confirmed at $3.34–$3.37; resistance sits at $3.47–$3.48.

Catalysts Behind the Move:

XRP’s breakout was fueled by the passage of multiple crypto-focused bills in the U.S. House, including the CLARITY and GENIUS Acts, both aimed at establishing clearer regulatory frameworks for digital assets.

Investor sentiment was further boosted by ProShares’ filing for an XRP futures ETF, alongside 11 other asset managers submitting proposals tied to XRP price action. Market pricing now suggests an 88% probability of spot XRP ETF approval by December 2025.

Price Action Breakdown:

• Opening high: $3.61
• Intraday low: $3.34
• Closing price: $3.45
• Session drawdown: 7.48%
• Rebound: 3.24% recovery from session low
• Late breakout attempt: XRP briefly spiked to $3.4759 but met selling pressure, retreating to $3.4380.

Technical Landscape:

• Support zone: $3.34–$3.37, confirmed by whale accumulation and heavy trading activity.
• Resistance range: $3.47–$3.48 remains the short-term barrier for bullish continuation.
• Consolidation: Price stabilized between $3.43–$3.45, suggesting accumulation rather than panic selling.
• Volume Insights: Back-to-back volume spikes (280M and 308M) at key support levels underline institutional interest.

Outlook:

The sharp selloff from XRP’s new high did little to undermine the broader bullish structure. The ability to defend key support levels and rebound into the close points to strong hands in the market — particularly from institutional participants.

If XRP can break above $3.48, it may retest the $3.60–$3.64 range in the near term. For now, holding above the $3.34 floor will be crucial in maintaining short-term bullish momentum.